Warner Bros jumps 6.8% on Discovery split news

Business Business: Warner Bros. Discovery Inc. shares are the center of investors’ attention on Wall Street today, as the entertainment giant has announced the split of the company by next year, Monday, June 9, 2025. The company plans to separate its cable operation division from its streaming services. According to the official website, “Warner Bros. Discovery today announced plans to split the company into two publicly traded companies in a tax-free transaction, allowing each to maximize its potential.” Warner Bros. Discovery Inc. shares were trading 6.8 percent higher at $10.60 at 8:54 a.m. (EDT) on Monday, June 9, 2025, compared to $9.82 when the U.S. stock market closed on Friday last week.